Norfolk city, VA
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 36.92, -76.24.
Assembled 2026-10-19. Read the brief.
- 72nd pct · 850th of 3,063 US counties · median $230,451
- 52nd pct · 64th of 133 Virginia counties · median $309,231
- 29th pct · 13th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $385,676
- 34th pct · 1,996th of 3,062 US counties · median +2.9%
- 21st pct · 104th of 133 Virginia counties · median +2.8%
- 17th pct · 15th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median +2.5%
- 69th pct · 421st of 1,358 US counties · median $1,506
- 42nd pct · 41st of 71 Virginia counties · median $1,806
- 33rd pct · 9th of 13 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $2,050
- 92nd pct · 227th of 3,221 US counties · median 8,232
- 93rd pct · 9th of 133 Virginia counties · median 9,944
- 94th pct · 2nd of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median 18,007
- 93rd pct · 208th of 3,221 US counties · median $1,039
- 88th pct · 16th of 133 Virginia counties · median $1,048
- 76th pct · 5th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $1,158
- 43rd pct · 1,741st of 3,063 US counties · median 4.2
- 28th pct · 96th of 133 Virginia counties · median 5.4
- 17th pct · 15th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median 6.8
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $310,877 (Sep 2026), +1.5% over one year, +20.0% over five
- 72nd pct · 850th of 3,063 US counties · median $230,451
- 52nd pct · 64th of 133 Virginia counties · median $309,231
- 29th pct · 13th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $385,676
| Item | Value | Distance |
|---|---|---|
| Norfolk city, VA | $310,877 · +1.5% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $1,749/mo (Sep 2026), +7.0% over one year; price-to-rent 14.8
- 69th pct · 421st of 1,358 US counties · median $1,506
- 42nd pct · 41st of 71 Virginia counties · median $1,806
- 33rd pct · 9th of 13 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $2,050
| Item | Value | Distance |
|---|---|---|
| Norfolk city, VA | $1,749/mo · +7.0% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,722 a month on $310,877 at 7.40%, against an average weekly wage worth $6,634 a month: 26.0% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $310,877 × 80% = $248,702, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $1,722/mo principal and interest
- wage share = payment / (avg weekly wage $1,531 × 52 / 12 = $6,634) = 26% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $310,877 / ($1,531 × 52) = 3.9
- price-to-rent = $310,877 / ($1,749 × 12) = 14.8
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
142,220 jobs at 6,530 employers (2026 Q1); -1.2% jobs and +4.9% average weekly wage over the year
- 92nd pct · 227th of 3,221 US counties · median 8,232
- 93rd pct · 9th of 133 Virginia counties · median 9,944
- 94th pct · 2nd of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median 18,007
| Item | Value | Distance |
|---|---|---|
| Norfolk city, VA | 142,220 jobs · $1,531/wk · -1.2% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Health care and social assistance | 23,317 | $1,394 | 1.09 | +0.8% |
| Professional and technical services | 10,348 | $1,902 | 1.05 | -11.8% |
| Accommodation and food services | 10,238 | $504 | 0.80 | -2.5% |
| Retail trade | 9,263 | $749 | 0.67 | -3.0% |
| Transportation and warehousing | 8,590 | $1,698 | 1.43 | -0.1% |
| Administrative and waste services | 8,105 | $1,058 | 1.00 | -8.2% |
| Construction | 5,818 | $1,541 | 0.78 | +0.0% |
| Finance and insurance | 5,036 | $2,766 | 0.87 | +12.0% |
| Other services | 3,404 | $1,024 | 0.80 | -0.8% |
| Wholesale trade | 2,907 | $1,675 | 0.53 | -1.3% |
| Real estate and rental | 2,326 | $1,399 | 1.07 | +0.6% |
| Arts, entertainment and recreation | 1,818 | $623 | 0.78 | +20.0% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D1 moderate drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
moderate (0.25)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 / 0.35
Banks & federal dollars #
$4.9 bn in deposits at 29 offices of 11 banks (SOD June 2026); HHI 2,250, highly concentrated. $4.3 bn federal obligations in FY2026 (contracts $2.7 bn, direct payments $1.4 bn), $29,997 per covered job
| Item | Value | Distance |
|---|---|---|
| TowneBank | $1.7 bn · 34.4% share · 5 offices | |
| Truist Bank | $1.1 bn · 22.6% share · 6 offices | |
| Bank of America, National Association | $965.8 m · 19.8% share · 4 offices | |
| Norfolk (City), VA | $4.3 bn FY2026 · $29,997/job |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| TowneBank | $1,682,018,000 | 34.4% | 5 |
| Truist Bank | $1,104,863,000 | 22.6% | 6 |
| Bank of America, National Association | $965,776,000 | 19.8% | 4 |
| Wells Fargo Bank, National Association | $525,636,000 | 10.8% | 3 |
| Southern Bank and Trust Company | $234,647,000 | 4.8% | 2 |
| Atlantic Union Bank | $205,136,000 | 4.2% | 1 |
| JPMorgan Chase Bank, National Association | $55,690,000 | 1.1% | 2 |
| PNC Bank, National Association | $54,230,000 | 1.1% | 2 |
| Dollar Bank, Federal Savings Bank | $36,248,000 | 0.7% | 1 |
| New Horizon Bank, National Association | $12,529,000 | 0.3% | 1 |
Deposit concentration is 2,250 across 11 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 11 banks with deposits in the county = 34.4² + 22.6² + 19.8² + … (8 more) = 2,250
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
That is $29,997 per covered job, against 142,220 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $4.3 bn / 142,220 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $29,997
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 17.95 | 2026-10-18 | -2.6% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.20 | 2026-10-19 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 652,115.00 | 2026-09-01 | +0.7% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Norfolk city, VA: 12 findings, 1 at a watch level and 11 noted
watchNorfolk city, VA's covered employment is -1.2% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -1.2 < 0
BLS QCEW over-the-year percent change, as published; not an official level
noteNorfolk city, VA's average weekly wage was 4.9% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +4.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteNorfolk city, VA's covered employment was 1.2% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -1.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteNorfolk city, VA's typical asking rent rose 0.4% from $1,742 in August 2026 to $1,749 in September 2026, on Zillow ZORI.
Period 2026-09.Show the arithmetic
- +0.4% = (1748.9176112072664 - 1741.7229889296032) / 1741.7229889296032 × 100
- 1748.9176112072664 = Zillow ZORI, 2026-09
- 1741.7229889296032 = Zillow ZORI, 2026-08
noteNorfolk city, VA's typical home value rose 0.4% from $309,674 in August 2026 to $310,877 in September 2026, on Zillow ZHVI.
Period 2026-09.Show the arithmetic
- +0.4% = (310877.25785705185 - 309673.8205100768) / 309673.8205100768 × 100
- 310877.25785705185 = Zillow ZHVI, 2026-09
- 309673.8205100768 = Zillow ZHVI, 2026-08
Read all 12 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.